Long term: lower
On a yearly basis, Bollinger band spread is expending. A PEI is in progress with our moving averages. A new Historical low is expected.
On a quarterly basis, a type II is in progress.
On a monthly basis, a type III is in progress.
Idea: use monthly bearish parallel rules
Bet: lower on a yearly basis.
R = PM (1.3241); S= 1.2402 (Historical low), LM (1.2045), –
Medium term: flat
On a weekly basis, Bollinger bands are flat. TAM tools will continue to decline. Below PW, more weakness is ahead.
Idea: as long as MW = resistance, a rise is only a technical recovery
Bet: next month, a new bear trend is not ruled out.
R = MW (1.2859); S = PW (1.2487)
Short term: lower
On a daily basis, a PEI is in progress with our moving averages.
Idea: lower as long as our MACD is not oversold
Bet: PEI with our MACD.
R = MD (1.2805); S = PW (1.2487)